There will not be 2 million people coming into the IE by 2020. That would be greater than the entire state takes in in that time frame. You’re smokin some serious hashish to be believing that. Who told you that anyway, Gary Watts? Better check his track record…

You may not like what you find.

“Temporary” is right. Will they be higher in 2020 than today… uh… duh. It’s called a stated inflationary policy. Of course, you’ll be buying a $50 coke from the cafe 80’s while you listen to Doc talk about his new flux capacitor.

If there is one thing you can count on in the future… it’s higher prices. But… not necessarily in the order that you want things to be. Housing is a terrible long-term investment if you get the timing wrong.

Chuck Ponzi

Real estate is not a market because it’s not subject to normal market forces like supply and demand, interest rates and incomes. It’s run by the largest organized crime organization in history. There’s no telling what they will pull next.

why is it the housing bulls don’t mention income when they talk about “prices heading higher”???

this is gonna end so badly

Crime IS a big drag on values?

You can spin all you want iInvest but there are plenty of things to throw back in your face.

You may suck in a couple of people with your crap but not all.

Silly things like getting Chris on the last page to say “gee all those people will need houses”.

Where does he think they are living now? Duh.

Most of us on here are familiar with Calculated Risk and have looked up the household formation rate. We know BS.

So… go ahead. Spin away.

http://www.signonsandiego.com/.....illed.html

I cried when I read this.

This is going blow up like hell here.

LA is an OK town but not for raising rug rats.

I woke up yesterday to the headline “todler shot”

Got me thinking (and many others) about giving up on this place.

Crowds, gangs, earthquakes, illegals, homeless, high prices…

I’m really waiting for land prices to drop in Malibu. Then I’ll buy & build up there.

Don’t blow your wad in ‘08 or ‘09. The best is going to be in 11 or 12.

With your level of concentration, I’m afraid you’ll burst a blood vessel.

I agree that real estate prices have gotten out of whack in many parts of los angeles, particularly on the west side. However, once a price correction resets the bar- and this appears to be happening NOW - I for one intend to jump head first into this market and pick up as much prime investment property as I can comfortably find. The correction in prices in welcome & healthy, though perhaps not for the speculator hoping for the quick flip or the sub-prime borrower who faces foreclose & eviction. But the market needs a good dose of reality to set in for a couple years before it resumes its population growth-drive upward trajectory in values.

BTW you had damn well better be offensive or else I won’t respect you.

Long time no see. I didn’t do anything to offend you, did I? If so, I’m sorry.

Of course, it could have just been boy blunder Casey Serin that has kept you busy.

Chuck Ponzi

Chuck Ponzi

That gives us a range of about 384,000 homes going coming back on the market due to forclosure with the 1 million figue, or 1.9 million homes at the other end. Has anyone seen or put together a graph of the total forclosures, to see if these estimates are consistent with the actual foreclosure figures?

We have also talked about the effect of potential population decline.

Lots of people will survive the first wave; but as the buisness cycle slows and this grinds on (much like my run on sentance) many will fall.

2.5 million homes is a huge portion of the population. Something like 2.5%!!

Seems like significant inflation will be the only answer.